CHICAGO -- Quaker Oats Co.'s new chief executive officer, Robert S. Morrison, was rewarded with $3.2 million in cash plus an indicated $5.7 million in stock for leaving his post at Kraft Foods Inc. to join the cereal company.

Mr. Morrison, who joined Quaker last Oct. 22, will also receive $950,000 in salary, plus a $1 million bonus this year, according to his employment agreement, which Quaker filed with the Securities and Exchange...